German discounter Aldi more than doubled its net profit in Australia in calendar 2023, underlining its growing popularity with budget-conscious households as well as paying out bumper dividends to its parent group.
The supermarket chain grew sales to $12.1 billion in the year to December 31, 2023, up from $10.6 billion in the year prior, according to the latest accounts lodged with the corporate regulator, driving a surge in profit to $402 million from $177.3 million in 2022.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
